Financial Management Standards Board (FMSB)

The Financial Management Standards Board (FMSB) offers comments on issues that are being debated in the financial management world. Please refer to this page to view Exposure Draft comments.

Listed below are links you may click on to download the PDF files:

American Institute of Certified Professional Accountants (AICPA)

02/27/09	Reporting on Controls at a Service Organization | Audit Considerations Relating to the Entity Using a Service Organization
07/18/07	Standards for Performing and Reporting on Peer Reviews
05/31/06	The Auditor’s Communication with Those Charged With Governance
10/31/05	Communication of Internal Control Related Matters Noted in an Audit
08/15/05	Statements on Auditing Standards (Exposure Drafts)
05/13/05	Defining Professional Requirements in Statements on Auditing Standards - Defining Professional Requirements in Statements on Standards for Attestation Engagements
05/13/05	Audit Documentation
05/12/03	Communication of Internal Control Related Matters Noted in An Audit
04/24/03	Proposed Statements on Auditing Standards (SAS)
08/27/02	Auditing for Value Measurements and Disclosures
07/02/02	Omnibus - 2002 Exposure Draft
05/24/02	Consideration of Fraud in a Financial Statement Audit Exposure Draft
08/17/01	Audit Documentation

Federal Accounting Foundation (FAF)

02/10/08

Restructure FAF, GASB and FASB

Federal Accounting Standards Advisory Board (FASAB)

06/25/10	Definitional Changes to Deferred Maintenance and Repairs: Amending Statement of Federal Financial Accounting Standards 6, Accounting for Property, Plant and Equipment
04/22/10	Federal Financial Accounting Technical Release on Accrual Estimates for Grant Programs
12/28/09	Subsequent Events: Codification of Accounting and Financial Reporting Standards Contained in the AICPA Statements on Auditing Standards
12/04/09	Implementation Guidance on Cleanup Costs Associated with Equipment
12/04/09	Implementation Guidance on Asbestos Cleanup Costs Associated with Facilities and Installed Equipment
09/08/09	Accounting for Federal Oil and Gas Resources
07/17/09	Recognition and Measurement of Asbestos-Related Cleanup Costs
02/10/09	Accounting for Social Insurance, Revised
02/02/09	The Hierarchy of Generally Accepted Accounting Principles, Including the Application of Standards Issued by the Financial Accounting Standards Board
01/30/09	Estimating the Historical Cost of General Property, Plant and Equipment
12/23/08	Reporting Comprehensive Long-Term Fiscal Projections for the U.S. Government
12/03/08	(SFFAS) 31, Accounting for Fiduciary Activities
6/25/08	Distinguishing Basic Information, Required Supplementary  Information, and Other Accompanying Information
01/31/08	Technical Agenda of the Federal Accounting Standards Advisory Board
01/15/08	Reporting the Gains and Losses from Changes in Assumptions and Selecting Discount Rates and Valuation Dates
09/21/07	Accounting and Financial Reporting for Federal Oil and Gas Resources
08/10/07	Implementation Guide for Statement of Federal Financial Accounting Standards 29: Heritage Assets and Stewardship Land
08/10/07	Clarification of Standards Relating to Inter-Entity Costs
04/25/07	Accounting for Social Insurance, Revised
10/12/06	Items Held for Remanufacture
08/28/06	Definition and Recognition of Elements of Accrual-Based Financial Statements
06/30/06	Recognition and Measurement of Asbestos-Related Cleanup Costs
02/22/06	Consolidated Financial Report of the United States Government Requirements: Implementing Statement of Federal Financial Accounting Concepts 4, Intended Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government
09/12/05	Revised Exposure Draft on Accounting for Fiduciary Activities
09/09/05	Federal Accounting Standards Advisory Board’s Invitation to Comment (ITC) on its Technical Agenda Options
10/28/04	Guidance for Implementation of SFFAS 23 - Eliminating the Category National Defense Property, Plant, and Equipment Classification of Items Formerly Considered National Defense PP&E Redline Proposed
09/20/04	Recognition of the Transfer of Funds Between Interior’s Reclamation Fund and Energy’s Western Area Power Administration:  In Accordance with SFFAS 1 Accounting for Selected Assets and Liabilities and SFFAS 5 Accounting for Liabilities of the Federal Government
08/20/04	Deferral of the Effective Date of Reclassification of the Statement of Social Insurance:  Amending SFFAS Nos. 25 and 26
07/30/04	Inter-Entity Cost Implementation:  Amending SFFAS 4, Managerial Cost Accounting Standards and Concepts
05/11/04	Presentation of Significant Assumptions for the Statement of Social Insurance: Amending SFFAS 25
12/19/03	Identifying and Reporting Earmarked Funds
11/26/03	Heritage Assets and Stewardship Land: Reclassification from Required Supplementary Stewardship Information
01/09/03	Accounting for Imputed Intradepartmental Costs: An Interpretation of SFFAS No. 4
07/02/02	Selected Standards for the Consolidated Financial Report of the U.S. Government ED
07/02/02	Target Audience & Qualitative Characteristics for the Consolidated Financial Report of the US Government ED
05/28/02	Reclassification of Stewardship Responsibilities & Eliminating the Current Service Assessment Exposure Draft
05/28/02	Eliminating the Categorical National Defense Property, Plant & Equipment Exposure Draft
07/31/03	Accounting for Fiduciary Activities
04/24/02	Assigning Costs & Liabilities to Agencies that Result from Legal Claims Against the Federal Government

Financial Systems Integration Office

01/19/07

Federal Financial Management Common Government-wide Accounting Classification Structure (CGAC structure) | CGAC Comment Template

Government Accountability Office (GAO)

09/05/08	Federal Information System Controls Audit Manual (FISCAM)
03/30/07	Government Auditing Standards
08/15/06	2006 Revisions of Government Auditing Standards
11/30/04	Guidance on GAGAS Requirements for Continuing Professional Education
06/14/04	GAO/PCIE Financial Audit Manual (FAM)
04/24/02	Government Auditing Standards 2002 Revision Exposure Draft

Governmental Accounting Standards Board (GASB)

08/25/10	Accounting and Financial Reporting for Service Concession Arrangements
07/31/10	Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA
06/30/10	Financial Reporting Entity: an Amendment of Statement 14 and 34
10/30/09	Voluntary Reporting of SEA Performance Information
10/30/09	Financial Instruments Omnibus
09/30/09	Accounting and Financial Reporting for Service Concession Arrangements
08/28/09	OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans
08/28/09	Accounting and Financial Reporting for Chapter 9 Bankruptcies
07/31/09	Pension Accounting and Financial Reporting
11/18/08	Suggested Guidelines for Voluntary Reporting of SEA Performance Information -  Read more.
10/31/08	Suggested Guidelines for Voluntary Reporting of SEA Performance Information
10/30/08	Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards | The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments
09/25/08	Determining the Annual Required Contribution  Adjustment for Postemployment Benefits
07/03/08	FMSB Final Comment Letter on SEA
6/30/08	Fund Balance Reporting and Governmental Fund Type Definitions
10/29/07	Accounting and Financial Reporting for Derivative Instruments
06/20/07	Land and Other Real Estate Held as Investments by Endowments
03/23/07	Accounting and Financial Reporting for Intangible Assets
02/28/07	Pension Disclosures
01/29/07	Fund Balance Reporting and Governmental Fund Type Definitions
11/17/06	Elements of Financial Statements
07/28/06	Accounting and Financial Reporting for Derivatives
05/01/06	Accounting and Financial Reporting for Pollution Remediation Obligations
04/10/06	Accounting and Financial Reporting by Employers and OPEB Plans for Payments from the Federal Government Pursuant to the Provisions of Medicare Part D
12/15/05	Sales and Pledges of Receivables and Future Revenues
08/04/05	Follow-up Letter to address questions at the "Accounting and Financial Reporting for Pollution Remediation Obligations" Hearing
06/24/05	Accounting and Financial Reporting for Pollution Remediation Obligations
03/09/05	Accounting for Termination Benefits to the GASB
11/11/04	Recognition of Pension and Other Postemployment Benefit (OPEB) Expenditures/Expense and Liabilities
09/30/04	Proposed Statement on Concepts Related to Communication Methods
04/22/04	Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions
02/26/04	Tobacco Settlement Recognition and Financial Reporting Entity Issues
02/27/03	Capital Asset Impairment Exposure Draft
09/24/02	Deposit and Investment Risk Disclosures, an amendment of GASB Statement No. 3
03/15/01	Basic Financial Statements and Management's Discussion and Analysis for State & Local Governments: Omnibus, Statements 21 & 34
10/19/01	The Financial Reporting Entity-Affiliated Organizations-An Amendment of GASB Statement 14

Health and Human Services Office of Inspector General

01/29/02

Orange Book Exposure Draft

U.S. Department of Housing and Urban Development (HUD)

04/07/08

Part III, Department of Housing and Urban Development (HUD), Independent Public Accountant Roster:  Proposed Rule

International Federation of Accountants (IFAC)

09/23/08	Costing to Drive Organizational Performance
05/15/08	Assurance Reports on Controls at a Third Party Service Organization
04/30/08	ISA 402, Audit Considerations Relating to an Entity Using A Third Party Service Organization

International Public Sector Accounting Standards Board (IFAC)

07/21/08	Social Benefits: Disclosure of Cash Transfers to Individuals or Households
06/30/06	Revenue from Non-Exchange Transactions (Including Taxes and Transfers)
02/10/06	Disclosure of Financial Information about the General Government Sector
02/10/06	Presentation of Budget Information in Financial Statements
01/31/06	Equal Authority of Paragraphs in IPSASs
06/15/05	Financial Reporting Under the Cash Basis of Accounting – Disclosure Requirements for Recipients of External Assistance
06/30/04	Revenue from Non-Exchange Transactions
06/30/04	Accounting for Social Policies of Governments
11/12/01	Exposure Draft 21 - Provisions, Contingent Liabilities & Contingent Assets
01/10/01	Property, Plant and Equipment, Draft 14

Joint Financial Management Improvement Project (JFMIP)

02/14/01

Core Competencies for Project Managers Implementing Financial Systems in the Federal Government

National Intergovernmental Audit Forum (NIAF)

10/29/04

Strategic Plan Draft

U.S. Office of Management and Budget (OMB)

04/30/09

Information Collection Activities: Proposed Collection

 

 

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